Egg prices rise for supply shortage

The price of eggs, which is one of the most basic sources of protein for many fixed and low-income people in Bangladesh, has increased in local markets over the past week due to a supply shortage..Consumers are already facing a difficult time making ends meet for an increase in the prices
3 September 2024, 15:47 PM

Auditors stage sit-in at Hisab Bhaban over promotion

“A legal battle over the promotion has been going on since 2015. Finally, we won. But a group of government officials with bad intentions has now put the issue on hold,” an agitating official said.
3 September 2024, 15:09 PM

Businesses urge govt to take urgent steps to ensure law and order

At least 50 garment factories were closed today although army and police personnel conducted a joint operation to prevent unrest in the Savar-Gazipur area.
3 September 2024, 13:22 PM

Observer appointed to Sonali Life Insurance

The finance ministry has appointed Md Shah Alam, additional secretary of the Financial Institutions Division (FID) as an observer to the troubled Sonali Life Insurance
3 September 2024, 04:59 AM

Investit Asset Management launches first mutual fund

Investit Asset Management, a fund manager, has taken an initiative to launch its first open-ended mutual fund named Investit Growth Fund. The signing ceremony of the new mutual fund took place at its office in the capital yesterday..Key officials from both Investit Asset Management and San
2 September 2024, 18:45 PM

Stocks fall after a three-day gaining streak

Major indices of the stock market in Bangladesh fell yesterday, breaking a three-day gaining streak as skittish investors put fresh bets on lucrative shares to pocket short-term gains amidst price fluctuations..The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 25.66 poin
2 September 2024, 18:00 PM

Assess loan exposure to influential people

The Bangladesh Bank (BB) has instructed the recently restructured banks to identify and assess their loan exposure to politically exposed and important persons as they might fail to repay the loans.
2 September 2024, 18:00 PM

BB’s strange bid to save Orion plant

Three state-run banks far exceeded their limits to salvage a coal-fired power plant project of an Orion Group subsidiary, which was stalled for six years, with Tk 10,579 crore in loans thanks to policy relaxation by the Bangladesh Bank under the now-ousted Sheikh Hasina government.
2 September 2024, 18:00 PM

Ctg chamber board resigns

Omar Hazzaz has resigned from his post as president of the Chittagong Chamber of Commerce and Industry (CCCI).
2 September 2024, 18:00 PM

Reduce import duty to cool off prices of essentials

The Bangladesh Trade and Tariff Commission (BTTC) has urged the government to significantly reduce tariffs on onions, potatoes and eggs to bring down current red-hot prices by boosting the supply of these food items through imports.
2 September 2024, 18:00 PM

Eurozone inflation falls to three-year low

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut.
2 September 2024, 18:00 PM

Asian factories show tentative recovery as China improves

Asian factories, including China’s manufacturing sector, showed signs of a tentative recovery in August and chip makers benefitted from firm demand, private surveys showed on Monday, but economic headwinds loom.
2 September 2024, 18:00 PM

China GDP hiccup would have long-term aftershocks

China loves to set itself different goals with an array of plans. Its GDP growth target of “around 5 percent” for this year is the most imminent - and is facing headwinds.
2 September 2024, 18:00 PM

Corrected export data soon: EPB

The Export Promotion Bureau (EPB) is set to publish export data based on a new calculation after months of a hiatus following the revelation that there were significant discrepancies between its data and that of the central bank in the last fiscal year.
2 September 2024, 18:00 PM

2 shell companies in Ctg drained Tk 2,343cr from Islami Bank

Islami Bank Bangladesh granted huge loans to various entities from its Chattogram branches. But there’s just one problem: thousands of crores were disbursed to firms that exist only on paper.
2 September 2024, 18:00 PM

NBR finally scraps provision to whiten money

The revenue administration has abolished the black money whitening provision, a scope that allowed both individuals and companies to legalise their undisclosed income by paying a 15 percent tax and avoid any potential scrutiny.
2 September 2024, 18:00 PM

Hike in airfreight puts vegetable and fruit exporters in trouble

Fresh vegetable and fruit exporters are apprehending a drop in sales of perishables following a hike in cargo freights, particularly by Biman Bangladesh Airlines, last month..Biman, the state carrier, hiked cargo fares in August anywhere from 56 percent to 150 percent depending on the rout
2 September 2024, 16:10 PM

NBR scraps provision to whiten black money

The tax administration issued a notification in this regard today.
2 September 2024, 13:29 PM

Fixing our banks. Building a more robust banking system

When asked why he robbed banks, the famous American bank robber, Willie Sutton, famously quipped “because that’s where the money is.” It seems that many of our leading business leaders have adopted a similar mindset over the past fifteen years. Regrettably for our nation, they have become alarmingly adept at robbing banks
2 September 2024, 11:06 AM

Renata gets EU regulator approval for drug export

Renata PLC, a listed drug maker in Bangladesh, has got approval from the European authority to market a tablet, Cabergoline 0.5 mg, used for the treatment of Hyperprolactinemia and Parkinson's
2 September 2024, 09:54 AM